what determines the economic rent for land?

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Economics

what determines the economic rent for land?

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As economic rent can arise from conditions of scarcity and can be used to demonstrate numerous pricing discrepancies These include higher pay for unionized workers compared with nonunionized workers or huge salaries made by a star athlete versus an average working individual Economic rent also explains the high value of exclusive intangible assets such as patents and See Answer

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what determines the economic rent for land?

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what determines the economic rent for land?

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